Plug and Play, a global innovation ecosystem, announced on Tuesday it has formed a partnership with TechQuartier, the one-stop startup hub in the heart of Frankfurt to run its accelerator program focused on financial technology. According to Plug and Play, the new partnership will offer entrepreneurs valuable resources such as networking opportunities, workshops, and investor networking.
“TechQuartier plans on furthering their mission through this new collaboration that will provide tools and resources to strengthen startups worldwide. The partnership provides potential for creating synergies between the Plug and Play startups and the TechQuartier ecosystem.”
While sharing more details about the partnership, Sebastian Schäfer, CEO at TechQuartier, stated:
”This multi-year partnership is an important milestone for us at TechQuartier. Based in Silicon Valley, Plug and Play boasts a broad global portfolio in multiple verticals, with an important focus in the financial sector. By combining network and expertise in the world-leading fintech hub that is Frankfurt, our relationship will effectively create the largest multi-corporate innovation platform in Europe. With a shared belief in disruptive technologies and collaboration, we aim to build on this momentum to inspire numerous more banks, financial service providers and startups to join our program and accelerate game-changing innovation for the financial industry.”
Omeed Mehrinfar, Regional Director of EMEA at Plug and Play, also commented:
“What we are looking to build out in Frankfurt is something game-changing as we continuously seek to grow our value offerings to our corporate and startup network. Through Frankfurt we will be able to create a centralized accelerator hub for our innovation activities in the FinTech space across Europe. This will also enable our European clients and startups to scale their activities with us in other regions as well.”
Amir Karimpour, Director of Plug and Play Germany, added:
“Our goal at Plug and Play is to have 10-15 additional banks and financial service providers partner with us in Frankfurt. These new partners will help guide our sourcing process for new technologies that they can pilot with and integrate into their businesses.”